JohnnyPurtoy98

JohnnyPurtoy98

The retracements looks like it is going to come to an end soon, it would be interesting to see if the price is able to break past the 0.382 Fibonacci level (personally, I think it would hold). But, if the price does manage to break past this level it is very unlikely that it would have enough momentum to be able to break past the 0.5 level. The price seems to be...

JohnnyPurtoy98

The price looks to have been able to break out the flag that it has been forming over the last few days, the price has made substantial gains but looks very likely to retrace back to around 1.2942, if the price successfully bounces we could see this pair rise all the way to around 1.3034. This option looks much more likely than the aggressive push towards 1.3034...

JohnnyPurtoy98

A clear breakout can be see as the price has managed to gain enough momentum to break out of the resistance level of the channel. Now there looks to be two options for this pair, either the price would retrace and retest the support and may bounce if the broken resistance which has now become a support level holds. The other option is that the price would just...

JohnnyPurtoy98 Updated 

The price looks like it has tried to break back above this support level, the price has managed to pass over it and then retraced, the price currently looks like it has bounced off the support level and may start to make further moves up. This pair needs to be watched over the coming days for more confirmation signals. The RSI is also in a good position for more...

JohnnyPurtoy98

The price seems to still be stuck in this bearish momentum. The price does not look like it is going to come out of this bearish channel anytime soon as the resistance level is proving to be very strong. The RSI is almost at an oversold level meaning the price may move a little higher but this pair has struggled to gain enough strength to overcome these bearish moves.

JohnnyPurtoy98

A symmetrical triangle has started to form inside the channel, this triangle has started to become very narrow, meaning the price is looking more and more likely to breakout very soon. If the price breaks out the triangles resistance level, this could give it the boost that is needed to breakout this channel the price is currently in, the same can be said if the...

JohnnyPurtoy98

Looks like the price has finally managed to gain enough momentum to be able to try and push out the bearish channel, this could mean its time for a retracement as the pair looks to be in an oversold area (RSI). If the price does retrace it is most likely to retrace to the neckline of the double top and bounce downwards. If this happens we would see significant...

JohnnyPurtoy98

Looks like a bearish pennant has started to form after a significant bearish move, if the price breaks out the bottom of this pennant then we could see some substantial bearish moves over the coming days and weeks. Keep an eye on this pair and I would keep everyone updated on what is happening over the coming days.

JohnnyPurtoy98

The price has started to make its way back up, the price has 2 clear options. Either the price moves to around 147.25 and reverses downwards, this would mean that the price did not have enough strength to break this broken support level and this is now acting as a resistance level. Or the price would break this level and move higher to around 149.90, then after...

JohnnyPurtoy98

The H&S pattern looks more likely to form as the price has just bounced off the neckline, as the RSI showed oversold values. The price looks like it is going to make its way up before bouncing off the resistance level, if the price is able to do this then the H&S pattern looks like a strong bear signal for this pair. If the H&S pattern does form we could see this...

JohnnyPurtoy98

The price still seems to be stuck in the middle of a bullish channel. The price has currently been very indecisive on the future direction, the RSI is in a position which is showing bullish moves, but this graph needs to be watched for further signals on the future direction of this pair. I would update daily to keep everyone up to date with my findings over the...

JohnnyPurtoy98

The graph seems to be currently moving within a bullish wedge, it is important now to keep an eye on this currency pair. As the wedge gets narrower the higher than chance of a breakout. I would keep everyone updated on what happens once the break points in a certain direction.

JohnnyPurtoy98

The price is currently in a bearish channel, the channel is very small, look out for a breakthrough either side of the channel. I would keep everyone updated over the coming days on my findings.

JohnnyPurtoy98

The price is still ranging, I would update when the price shows signs of breaking out. Keep an eye on the market over the next couple of hours as the price is testing the support of this range.

JohnnyPurtoy98

Looks like the price has pushed down since my last analysis and is testing the support zone right now. This pair needs to be watched for a breakout, which could take place within the next few hours.

JohnnyPurtoy98

This pair still seems to be trading inside this bearish channel. This pair needs to be watched for a breakout the top of this bearish channel as the price is heading towards a number of strong support levels. I would keep everyone updated over the coming days.

JohnnyPurtoy98

The resistance level has now proved to be strong as it has bounced the price twice now, it is not clear which direction the price would move from here as the price seems to be stuck in a range. The pair needs to be watched for a breakthrough the support or the resistance of this range.

JohnnyPurtoy98

The price is currently retracing, it is approaching the 0.382 level, which may be the level which the price would bounce. This pair needs to be watched over the coming hours and days for a bounce.